The multiplier principle explains how
a. any change in the economy will be magnified.
b. $1 invested will increase GDP by more than $1.
c. expenditures and incomes increase as investment increases.
d. All of the above are correct.
d
Economics
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Define transfer payments and explain why they are not included in the government purchases section of the GDP accounts
What will be an ideal response?
Economics
The government enforces property rights by
a. requiring property owners to pay property taxes. b. providing police and courts. c. forcing people to own property. d. providing public parks and recreation facilities.
Economics